Two unnamed financial institutions have lined up to issue Kenya’s first green bond, the country’s banking sector lobby disclosed Wednesday, even as regulators approved the legal framework to issue the listed and unlisted financial instruments at the Nairobi Securities Exchange (NSE).
Mauritian-based MCB Group, through its representative office situated on the 7th Floor of Pramukh Towers, Westlands, in Nairobi, aims at positioning itself as a strategic partner of businesses in Kenya and East Africa.
Profit-taking by investors in the past week has slowed down the Nairobi Securities Exchange (NSE) #ticker:NSE 2019 resurgence as punters look to lock in some of the gains enjoyed from blue chip stocks.
Longhorn Publishers has announced 88.89 per cent growth in its net profit to Sh68.8 million for the six months of trading ended December 2018 lifted by increased sales.
Firms interested in buying out troubled ARM Cement have until the end of this month to make final offers to the company’s administrators PricewaterhouseCoopers (PwC).
Nairobi, Nakuru and Kiambu are Kenya’s top-three richest counties while Lamu, Samburu and Isiolo are the poorest, according to a new report ranking the contribution of Kenya’s 47 regions to the national annual economic output, also known as the Gross Domestic Product (GDP).
Taxpayers are losing billions of shillings through a rogue contracting practice said to be rife in government parastatals where companies earn more for delaying projects than when they complete them on time.
Telecommunication firms Airtel Kenya and Telkom Kenya on Friday said they had signed a binding agreement to merge their mobile, enterprise, and carrier services to form a single joint venture company to be named Airtel-TelkoSuccessful talks will see the two firms seek regulatory approvals from the Competition Authority of Kenya (CAK).
